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Tsinghua Unigroup Publicly Recruiting Strategic Investors

Updated:2021/7/23 11:15

According to the latest announcement of UNIS, the listed company of Tsinghua Unigroup, released on July 16, Beijing First Intermediate People’s Court accepted related creditors' application for reorganization of the indirect controlling shareholder—Tsinghua Unigroup, and appointed the liquidation team of Tsinghua Unigroup to be the administrator of Tsinghua Unigroup.

On July 20, National Enterprise Bankruptcy Information Disclosure Platform updated the announcement of Tsinghua Unigroup recruiting strategic investors. According to the announcement, to dissolve the debt risk of Tsinghua Unigroup in a sound and orderly manner and to maximize its industry value, the administrator hereby recruits strategic investors publicly in accordance with Bankruptcy Law of the People’s Republic of China and relevant laws and regulations.

According to the announcement, this is an overall recruitment of strategic investors, who will take on Tsinghua Unigroup as a whole or its core business.

Required qualifications of strategic investors include: the audited total assets of the last year no less than 50 billion yuan, or the audited net assets attributable to parent company of the last year no less than 20 billion yuan, which requirements can be relaxed to some extent for those with advantages and experience in chip and cloud network industries.

The deadline of registration for this recruitment of strategic investors is 17:00 September 5. Applicants will pay a deposit of 500 million yuan, and submit a binding restructuring investment plan in line with requirements of the administrator before September 25, 2021. The investment plan should be prepared as per the guidelines provided by the administrator.

 Source:C114
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